Quarterly report [Sections 13 or 15(d)]

Warrants (Tables)

v3.25.1
Warrants (Tables)
3 Months Ended
Mar. 31, 2025
Warrants [Abstract]  
Schedule of Warrants
The following table presents the weighted-average inputs used for the valuation of warrants issued, as per the Black-Scholes fair value model for the three months ended March 31, 2025 and 2024:

Three Months Ended
March 31, 2025
Three Months Ended
March 31, 2024
Dividend yield —% —%
Expected price volatility 72.8% 70.0%
Risk free interest rate 4.4% 4.2%
Expected term 5 years 5 years

The following table represents a summary of warrants to purchase shares of the Company’s common stock that are outstanding:
Warrant Issue Date Outstanding as of March 31, 2025 Exercise Price Expiration
June 2020 - November 2020 54
$1,506,600 - $6,277,500
June 2025 - November 2025
January 2021 - December 2021 16
$1,701,000 - $7,593,750
January 2026 - December 2026
July 2022 - October 2022 24
$432,000 - $1,755,000
July 2027 - October 2027
January 2023 10
$434,700
January 2028
February 2023 21
$432,000
October 2027 - February 2028
June 2023 57
$199,530 - $207,630
June 2028
March 2024 35
$2,115
March 2029
July 2024 2,334
$398
July 2029
August 2024 4,003
$285 - $303
August 2029
February 2025
600,000
$4.69
February 2030